Coinbase stock rises as Q1 results beat, but company warns bank disruptions are rattling crypto

📆 5/5/2023 7:45 AM
📰 MarketWatch

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Coinbase reported a first-quarter net loss of $78.9 million, or 34 cents a share, compared with $429.7 million, or $1.98 a share, in the same quarter last year. $COIN rose in extended trading Thursday after the quarterly results topped expectations:

Shares of Coinbase Global Inc. rose in extended trading Thursday after the cryptocurrency exchange reported first-quarter results that topped expectations, although the company warned of lower subscription and services revenue and said that the current tremors in the banking industry made for a “volatile” backdrop.

The company reported a first-quarter net loss of $78.9 million, or 34 cents a share, compared with $429.7 million, or $1.98 a share, in the same quarter last year. Revenue fell to $772.5 million, compared with...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase's trading volumes dwindle ahead of earnings, retail volume could have 'bottomed out'Coinbase will share its first-quarter results on Thursday after a quarter dominated by regulatory oversight.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Paramount Global shares fall over 25% after weak earnings report, dividend cutParamount Global shares plummet as company cuts dividend and earnings miss estimates.
Source: CNBC - 🏆 12. / 72 Read more »